Power of Innovation—China Ritar Power’s R&D Center

China Ritar Power’s R&D Center enables the Company to develop cutting-edge, lead acid battery technology. The research and development center’s mission is to develop advanced technologies, advanced battery materials, new gel and photovoltaic battery development, and training. Unlike other major lead-acid battery manufacturers, Ritar does not solely depend on joint-development programs with universities. Instead, the Company emphasizes independent development of proprietary technology.

Heading the center is one of China’s senior electrochemistry specialists, professor Mr. He Degang, who serves as the Chief Technology Officer. Mr. He has led the research and development team’s efforts relating to the development of several series of new products, including the LEV battery series, and gel battery series (including solar energy storage batteries), all of which are revenue generating products for the Company and are expected to continue to contribute to revenue growth. As of December 31, 2008, Ritar had 79 research and development staff (26 of whom hold Master/PhD degrees) who independently manage new product development projects.